Truist Financial Issues Positive Forecast for Peakstone Realty Trust (NYSE:PKST) Stock Price

Peakstone Realty Trust (NYSE:PKST - Get Free Report) had its price objective boosted by analysts at Truist Financial from $13.00 to $15.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Truist Financial's target price points to a potential upside of 20.36% from the stock's previous close.

Separately, UBS Group assumed coverage on Peakstone Realty Trust in a research report on Thursday, January 16th. They set a "buy" rating and a $15.00 price objective for the company.

Peakstone Realty Trust Trading Down 1.5 %

Shares of NYSE:PKST traded down $0.19 during mid-day trading on Monday, hitting $12.46. The stock had a trading volume of 206,331 shares, compared to its average volume of 176,420. The company's 50 day moving average is $11.40 and its 200-day moving average is $12.41. Peakstone Realty Trust has a 12-month low of $9.89 and a 12-month high of $16.26. The company has a debt-to-equity ratio of 1.03, a quick ratio of 5.24 and a current ratio of 5.24. The company has a market cap of $458.08 million, a PE ratio of -44.51 and a beta of 2.41.

Peakstone Realty Trust (NYSE:PKST - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.20) by $0.85. The company had revenue of $57.93 million during the quarter, compared to analyst estimates of $54.68 million. Peakstone Realty Trust had a negative return on equity of 0.85% and a negative net margin of 4.38%. On average, sell-side analysts predict that Peakstone Realty Trust will post 2.13 EPS for the current year.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PKST. Centaurus Financial Inc. lifted its holdings in shares of Peakstone Realty Trust by 1.0% during the 4th quarter. Centaurus Financial Inc. now owns 1,266,376 shares of the company's stock valued at $14,019,000 after buying an additional 13,153 shares during the last quarter. Geode Capital Management LLC raised its position in Peakstone Realty Trust by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 929,777 shares of the company's stock valued at $10,295,000 after acquiring an additional 7,139 shares in the last quarter. Invesco Ltd. lifted its stake in Peakstone Realty Trust by 458.1% in the fourth quarter. Invesco Ltd. now owns 675,048 shares of the company's stock valued at $7,473,000 after acquiring an additional 554,091 shares during the last quarter. Northern Trust Corp lifted its stake in Peakstone Realty Trust by 16.4% in the fourth quarter. Northern Trust Corp now owns 370,451 shares of the company's stock valued at $4,101,000 after acquiring an additional 52,119 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Peakstone Realty Trust by 3.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 363,410 shares of the company's stock worth $4,023,000 after acquiring an additional 12,403 shares in the last quarter. Hedge funds and other institutional investors own 38.98% of the company's stock.

About Peakstone Realty Trust

Peakstone Realty Trust NYSE: PKST is an internally managed, real estate investment trust (REIT) that owns and operates a high-quality, newer-vintage portfolio of predominantly single-tenant industrial and office properties. These assets are generally leased to creditworthy tenants under long-term net lease agreements with contractual rent escalations.